Bell Labs gets massive $103M tax deal for future N.J. headquarters

Nokia’s research arm, Nokia Bell Labs, could receive up to $103.9 million in tax credits for its new headquarters at a sprawling innovation center in downtown New Brunswick.

The research and development company’s new facility was approved for a major tax credit program, the New Jersey Economic Development Authority announced this week.

The program, known as Aspire, was created under New Jersey’s 2020 Economic Recovery Act to support development projects that offer a positive return for the state, according to the authority…

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